Credit Suisse Private Banking
China: Third Plenary Session
Reform Ideas Comprehensive but Lack Details
The Chinese Communist Party has concluded its third plenary session of the 18th Party Congress on 12 November. In the post-event communique, the leaders in Beijing put out an ambitious plan of reforms, though details of reform initiatives are missing at this moment. This is being seen as probably the most comprehensive and ambitious reform architecture in the history of the People’s Republic. It remains to be seen however, the details of the policy design and execution in determining the fate of Xi’s reform.
Market Implications (Our Thoughts)
· The market will likely react too strongly on the document yet given its vagueness, it is …